E3.815 SEIS shares must meet certain requirements
There are some general requirements that relate the shares, the purpose of the issue and the use of the money raised, if the investment is to qualify for SEIS. These are very similar to the conditions imposed under EIS. The table below points to the EIS articles where a full discussion of the issues can be found. A summary of the main points relevant to SEIS (with the relevant legislative references) immediately follows the table.
| All of the following requirements must be met relating to SEIS shares1: | Full discussion of equivalent requirement for EIS can be found at: |
| Issued shares must be relevant shares. | E3.117 |
| The purpose of the issue must be for a qualifying business activity. | E3.119 |
| The money raised must be used within a time limit for the purpose for which it was raised. | E3.120 |
| There must be no pre-arranged exits. | E3.122 |
| There must be no tax avoidance and no disqualifying arrangements. | E3.123 |
The issued shares must be relevant
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